1. In the cryptocurrency space, be a 'bad boy', learn to 'hit and run' for casual encounters instead of 'dating'. The money you occasionally earn is merely luck from favorable timing and conditions, not replicable, and do not form path dependency. (This is the most important)
2. Do not touch altcoins, do not play contracts; this is all gambling behavior, which is no different from going to gamble.
3. Try not to bring relatives and friends into the cryptocurrency space; the principle of making money in this space is completely counterintuitive, and it is difficult for the average person to earn money. However, the ugly side of human nature is that if they come in and make money, they will not share it with you, but if they lose money, they will definitely resent you! Do not meddle with others' karma.
4. Do not engage with risks you do not understand, such as LP pools that seem to offer very high returns, labeled as 'wealth management', which are actually high-risk investments. If the coin price drops, your USDT will automatically buy coins, and you will end up with a bag full of altcoins.
5. Do not use leverage for investments in the cryptocurrency space, as it will affect your mindset, making you anxious about price increases, and even impact your health. Moreover, because you have to repay, if it comes time to repay and you sell at an inopportune time due to bankruptcy, it will be a significant loss.
6. Avoid going all-in in the cryptocurrency space; it will affect your quality of life. Sell off appropriately at high points to secure your gains and improve your living quality. This is the meaning of wealth. Otherwise, even if you have 1,000 bitcoins stored in a hardware wallet, if you can only eat cabbage and drink plain water daily, it is meaningless. I have friends who held onto their bitcoins during high points and later cried when they had to sell at a loss for a romantic relationship.
7. Do not trade on short-term fluctuations; it is very easy to incur losses. Anyone who thinks they can predict market trends based on candlestick charts is a big fool. This is the same principle as making money based on so-called inside information.
8. Remain vigilant about links or files sent by strangers, especially on computers and phones that have logged into wallets. There have been numerous cases of stolen wallets due to Trojan viruses.
9. For airdrops that seem too good to be true, learn to control risks; low-risk judgment criteria: do not need to use USDT to purchase tokens (as there is a risk of token price crashing); only engage in social interactions, such as Twitter interactions; provide rewards for stablecoins; just spend time without involving real money.
10. Seriously identify whether it is an official event, official link, official staff... There are too many scammers in the cryptocurrency space, making it hard to guard against them. If you are unsure, post on Twitter to ask and confirm. At any time, except when importing wallets, do not enter your private key or recovery phrase!
11. Do not authorize interactions lightly, especially after the Ethereum upgrade. There have been too many cases of stolen wallets; make sure to understand the content before authorizing.
12. Have a sense of reverence for risk; making money is hard, and it only takes one black swan event to leave you with nothing. It is advisable to read more about probability theory and concepts like (asymmetric risk) and (black swan) to maintain a sense of awe.
13. No matter when you make money, always remember to convert it into BTC during bear markets and hold onto it. Slow is fast; there is no more reliable investment than BTC, which can achieve a 100% asset growth in three years, surpassing 98% of others.
14. The most important survival rule is not how much money you make, but how long you can stay at the table and preserve your capital!
15. Always maintain the awareness of 'I am just a small retail investor' to foster reverence and fear for risk. This will help you live longer and eventually witness the clouds parting to see the moon!